Franchising a Salon in Mexico - According to consultants from International FranCorp, roughly 80 to 100 new franchises will be incorporated in Mexico in 2008, which represents a growth rate of approximately 17%. They also added “Mexico is the 10th best place for penetration through franchises in the world, with a measuring of 1 franchise for every 800 habitants”.
Mexico City hosted the first Franchising Salon in the Banamex Center in 2008. Over 150 brands participated in the event. 95% of the franchises survived the economic crises, which is a telling sign of the strong market in Mexico for franchises, particularly American franchises.
There are 750 franchising companies in Mexico. There are over 60,000 are franchising establishments in Mexico since 2006. (By the Franchising Association of Franchising) 69% are national origin while 31% are international and generate over 590,000.
The market for franchising in Mexico represents an incredible opportunity for US firms. Mexico has successfully grown at a positive rate for the last couple of years and the Franchising Salon presented a good opportunity for US companies to develop contacts and to explore possible franchise opportunities.
General Mexico Franchising Info - The franchise sector in Mexico has maintained a constant growth in the last five years between 14 and 17 percent. In 2007, the World Franchise Council ranked Mexico as the 7th leading nation in franchise development. Conservative estimates indicate that this sector will grow at least 12 percent in 2008.
Mexico is a big and diverse country that offers excellent business opportunities especially for U.S. Franchise concepts due to the commercial ties between both countries and the recognition and acceptance of U.S. brands by the Mexican population. |
